Ralph Serrano - Safe Harbour Equities Sells Bal Harbour Condo For $13M With Brokers Alejandro Diaz Bazan & Isaac Lustgarten
SOLD
$13,000,000
+ 5
Florida
See Similar Deals3,884 SF
Sold 03/17/2022
SOLD
Ralph Serrano - Safe Harbour Equities Sells Bal Harbour Condo For $13M With Brokers Alejandro Diaz Bazan & Isaac Lustgarten
9701 Collins Avenue, Bal Harbour, Florida 33154, United States
See Similar Deals3,884 SF
Sold 03/17/2022
+ 5
Summary
FLORIDA
Price Per Square Foot:$3,347
Total Square Footage:3,884 SF
Transaction Type:Sale
Located in the prestigious Bal Harbour market, this condominium at 9701 Collins Ave PH 2702/03 was recently sold in a closed transaction. The property spans over 6,256 square feet, offering ample space for its new owners. The sale price for this condo was $13,000,000, resulting in a price per square foot of $1,173.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $13,000,000
- Address: 9701 Collins Ave PH 2702/03
- Market: Bal Harbour
The seller, Safe Harbour Equities, was represented by Ralph Serrano. The buyer's agent was Alejandro Diaz Bazan from the Jills Zeder Group - Coldwell Banker, and Isaac Lustgarten from Douglas Elliman was also involved in the transaction. These experienced brokers played a pivotal role in facilitating the successful sale of this spectacular condominium in Bal Harbour.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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